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    Home > Finance > Sweden's Husqvarna appoints Glen Instone as new CEO
    Finance

    Sweden's Husqvarna appoints Glen Instone as new CEO

    Published by Global Banking & Finance Review®

    Posted on July 18, 2025

    1 min read

    Last updated: January 22, 2026

    Sweden's Husqvarna appoints Glen Instone as new CEO - Finance news and analysis from Global Banking & Finance Review
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    Tags:AppointmentmanagementFinancial performanceleadershipcorporate governance

    Quick Summary

    Husqvarna appoints Glen Instone as CEO, effective August 11, succeeding Pavel Hajman. The company faces financial challenges with a recent drop in profits.

    Table of Contents

    • Leadership Changes at Husqvarna
    • Background on Glen Instone
    • Financial Performance Overview
    • Market Challenges and Outlook

    Husqvarna Appoints Glen Instone as New CEO Starting August 11

    Leadership Changes at Husqvarna

    (Reuters) -Sweden's Husqvarna on Thursday named insider Glen Instone as its new chief executive effective August 11.

    Background on Glen Instone

    Instone will replace Pavel Hajman, who has been at the garden equipment maker's helm since May 2023. Hajman had expressed his intention in April to step down once a successor was appointed. Instone has been with Husqvarna since 2002, and is currently the president of Husqvarna's forest and garden division. Prior to that he was the company's chief financial officer.

    Financial Performance Overview

    The company in April reported first-quarter operating profit below expectations hit by soft demand in North America, currency headwinds and lower prices.

    Market Challenges and Outlook

    The company had said that its earnings before interest and tax fell 21% to 1.53 billion Swedish crowns ($156.96 million), missing analysts' average forecast of 1.71 billion crowns.

    ($1 = 9.7475 Swedish crowns)

    (Reporting by Rishabh Jaiswal in Bengaluru; Editing by Shailesh Kuber)

    Key Takeaways

    • •Glen Instone appointed as Husqvarna's new CEO effective August 11.
    • •Instone has been with Husqvarna since 2002, previously CFO.
    • •He replaces Pavel Hajman, CEO since May 2023.
    • •Husqvarna's Q1 operating profit fell below expectations.
    • •Earnings impacted by soft demand and currency headwinds.

    Frequently Asked Questions about Sweden's Husqvarna appoints Glen Instone as new CEO

    1What is operating profit?

    Operating profit is the income generated from a company's normal business operations, calculated by subtracting operating expenses from gross profit. It reflects the efficiency of the company's core business activities.

    2What are currency headwinds?

    Currency headwinds refer to the negative impact on a company's financial performance due to fluctuations in currency exchange rates. This can affect revenues and profits when dealing in foreign currencies.

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